A loan of $1,700 helped to buy 40 quintals of rice and to start his convenience store.

Jaime Samuel's story

Samuel is a young, 19-year old entrepreneur. He is single and lives with his mother, who works as a seamstress. They live in the city of Santo Domingo de los Tsachilas, situated in the coastal region. It is a very productive city, and its people are very dedicated to commerce, since it is the city that connects the mountains to the Ecuadoran coast and is well visited.

Samuel finished high school thanks to his parents' support, and one of his dreams is to study medicine. However, due to a lack of funds, he decided to postpone his studies.

This brave and entrepreneurial man has made his living doing construction work in order to cover his expenses and help his mother with household expenses. Nevertheless, he felt that he should work harder in order to achieve his dream. That was how he came to visit the offices of Fundación Alternativa, because a client gave him very good references and he found out that the institution helps young entrepreneurs.

Samuel needs this loan to be able to buy 40 quintals of rice and launch his small convenience store. He learned this business from his mother, who in her younger days used to sell convenience store items, so Samuel already has customers whom he will visit in the afternoons providing them with delivery service. Some mornings, he will continue to work as a construction worker.

He is very happy because with his earnings from the business, he will be able to save in order to continue his studies and be an excellent professional who serves his community and saves lives.

Samuel is grateful to Fundación Alternativa who, through Kiva, will be able to finance his undertaking, putting in him the faith that he needs to get ahead.

Translated from Spanish by Kiva volunteer Deepa Ramesh

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